Deloitte Corporate Finance was the exclusive financial advisor to MeadWestvaco Corporation in the sale of its European beauty and personal care folding carton operation to AGI Shorewood Group, a specialty packaging company.
“Deloitte‘s understanding of the packaging industry was critical in helping us execute a divestiture that produced a solid result for our shareholders, customers, and employees. This is the third time that Deloitte has advised us on a divestiture, and we value their industry expertise, carve-out process, and collaborative approach,” said Peter Durette, MVW senior vice president home, health & beauty, packaging.
“We have been fortunate to advise MeadWestvaco on three transactions in the last four years, and have developed strong relationships with their team. We look forward to continuing the relationship with them in the future and maintaining Deloitte‘s strong presence in the packaging industry,” said Will Frame, managing director, Deloitte Corporate Finance.
MeadWestvaco (NYSE: MWV) is a global packaging company providing products to the healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries. The company also produces specialty chemicals for the automotive, energy, and infrastructure industries. The company’s network of 125 facilities and 16,000 employees spans North America, South America, Europe and Asia. MeadWestvaco is headquartered in Richmond, VA (www.mwv.com).
AGI Shorewood Group is a specialty packaging company that serves the health and beauty, pharmaceutical, home entertainment, consumer electronics, confectionery and specialty foods, spirits, and sporting goods industries. The company is comprised of two separate legal entities — AGI-Shorewood US and AGI-Shorewood International — and collectively employs 3,000 people worldwide, operating 18 manufacturing facilities including lithographic, flexographic, digital, and specialty gravure print and Amaray injection-molded plastics facilities in North America, Europe, Asia, and Latin America and seven Spark! Creative services centers in the US, UK, France, China, and Australia. AGI Shorewood is headquartered in Stamford, CT (www.asg-worldwide.com).
Deloitte Corporate Finance provides deal execution and financial advisory services to large corporate, middle market, and private equity firms. Deloitte Corporate Finance has access to the resources of the Corporate Finance Advisory practices of the member firms within the Deloitte Touche Tohmatsu Limited network of member firms. Together with Deloitte Corporate Finance, these practices include in excess of 1,600 professionals, working collaboratively in 150 international locations (www.investmentbanking.deloitte.com).
Deloitte Corporate Finance is an SEC registered broker-dealer and member of FINRA, and is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP.
2014 PEPD • Private Equity’s Leading News Magazine • 6-20-14
